Dror Bezalel & Matt Shulman Of Ardent Companies Acquire Miami Office Buildings For $15M
44 West Flagler Street, 200 Southeast First Street, 200 Southeast First Street Miami & 200 Southeast 1st Street
$15,000,000
Building Size
—
Asset Type
Office
Closing
Jul 20, 2026
About this deal
AI
The transaction involved the acquisition of two office buildings located at 44 West Flagler Street and 200 Southeast 1st Street in Miami, FL. The assets encompass a total area of 0.5 acres, and the sale price reached $15 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000
- Buyer: Dror Bezalel & Matt Shulman - Ardent Companies
- Seller: Stonerock Capital
- Date of Sale: 07/20/2026
The transaction was a result of a foreclosure auction where an affiliate of Ardent Companies successfully made a $15 million credit bid following a $65.7 million foreclosure judgment. This sale concluded a two-year legal dispute over an allegedly unpaid loan associated with the properties.
On the Map
$15,000,000
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93